Stock futures add to gains after payrolls

By IBT Staff Reporter On 05/06/11 AT 8:48 AM

U.S. stock index futures added to their gains on Friday following a better-than-expected read on the labor market.

According to the closely watched non-farm payrolls report from the U.S. Labor Department, 244,000 jobs were added in April, far more than had been anticipated. However, the unemployment rate rose to 9 percent from 8.8 percent where analysts expected the rate to remain steady.